Construction work for Fingrid Oyj’s gas turbine power plant to be launched at Olkiluoto

Ensuring the reliability of the Finnish power system. Construction work for the gas turbine plant of Fingrid Oyj, which is responsible for the main electricity transmission grid in Finland, will start at Olkiluoto in Western Finland. The company signed today the agreement on the main building contract with Rakennus Vuorenpää Oy, part of the Skanska Group. The plant will be executed in co-operation with Teollisuuden Voima Oy (TVO).The new gas turbine power plant of 100 megawatts (MW) will be needed for the management of power reserve obligations imposed on Fingrid. Fast production reserve is needed primarily to ensure the functioning of the power system in Finland in the event of failure at power plants or in the grid. The new plant will also secure the supply of electricity for the auxiliary systems of TVO’s Olkiluoto nuclear power plants in the event of faults in the grid connections. TVO will pay 50 per cent of the costs of the plant project.

Preliminary earthwork at the site was carried out during the past winter, and actual construction work will commence immediately. The gas turbine plant will be ready in the summer of 2007. The main machinery will be supplied by the German company MAN TURBO AG. The total value of the plant project is approx. 50 million euros.
Further information: Martti Merviö, Project Manager, +358 (0)30 395 5234, +358 (0)400 511 347Timo Toivonen, President, +358 (0)30 395 5250, +358 (0)40 560 5250